nac Calling JOBBERS/SCALPERS

nac

Well-Known Member
#21
Dear nac,why don't you try tatamotors for your jobbing?
I pick stocks which values are less than Rs. 300/- (mostly Rs. 200/-). I guess, in these I can get out very easily than higher price stocks. I just got this in mind. There is no research or something behind in picking these stocks. And I pick stocks which are more liquid i.e most traded stocks. And I don't trade which are less than 70 rupees. I don't know whether my pick is right or not. If not, you can suggest how to pick and what to consider while picking stocks to trade especially for jobbing. And please justify why?

Thank you so much for your post. Anu was single-handedly facing the bullets from me.

Can you please share your experience in jobbing? (I guess you are/were into jobbing)

I was expecting a lot of jobbers/scalpers would be here to comment, but it doesn't seems to be... Still hoping for more comment from you guys.
 
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#22
dude jobbing seems to be easy from the front but very diffucult to explain..it'll run in pages...one thing i would like to tell u---
1.)stick to one scrip for atleast three months...
2.)start with 25 shares each trade and do atleast 200 trades daily...dont expect profits for 3 months...first learn the skill...
3.)strictly follow 25 shares in each trade and dont hold for more than 2 mins whether in profit or loss...
4.)if ur loss incl charges exceeds 500 rs --shut down for that day...there's always tomo...
5.)dont change quantity with each trade...strictly 25 shares for three months ...it means no averaging...
6.)dont take views from anyone...screen will teach u everything...slowly after three months do 100 shares for one month...then,sky is the limit...

sure u'll hav to waste time but then u'll make up for everything once u start doing quantities after say 6 months...then lifetime u'll be earning ,no matter nifty is at 2500 or 5000 or 50000.../market is dull or volatile.../bullish or bearish...u'll make money...
there are 200 jobbers i personally know who made fortunes in crores with initial investment of paltry 50000rs...can u believe it???
all the best....






I pick stocks which values are less than Rs. 300/- (mostly Rs. 200/-). I guess, in these I can get out very easily than higher price stocks. I just got this in mind. There is no research or something behind in picking these stocks. And I pick stocks which are more liquid i.e most traded stocks. And I don't trade which are less than 70 rupees. I don't know whether my pick is right or not. If not, you can suggest how to pick and what to consider while picking stocks to trade especially for jobbing. And please justify why?

Thank you so much for your post. Anu was single-handedly facing the bullets from me.

Can you please share your experience in jobbing? (I guess you are/were into jobbing)

I was expecting a lot of jobbers/scalpers would be here to comment, but it doesn't seems to be... Still hoping for more comment from you guys.
 

nac

Well-Known Member
#24
dude jobbing seems to be easy from the front but very diffucult to explain..it'll run in pages...one thing i would like to tell u---
1.)stick to one scrip for atleast three months...
2.)start with 25 shares each trade and do atleast 200 trades daily...dont expect profits for 3 months...first learn the skill...
3.)strictly follow 25 shares in each trade and dont hold for more than 2 mins whether in profit or loss...
4.)if ur loss incl charges exceeds 500 rs --shut down for that day...there's always tomo...
5.)dont change quantity with each trade...strictly 25 shares for three months ...it means no averaging...
6.)dont take views from anyone...screen will teach u everything...slowly after three months do 100 shares for one month...then,sky is the limit...

sure u'll hav to waste time but then u'll make up for everything once u start doing quantities after say 6 months...then lifetime u'll be earning ,no matter nifty is at 2500 or 5000 or 50000.../market is dull or volatile.../bullish or bearish...u'll make money...
there are 200 jobbers i personally know who made fortunes in crores with initial investment of paltry 50000rs...can u believe it???
all the best....
Yeah, nothing is easy as it seems...

1. Stick to just one scrip for three months??? I try this for one day then I think about for 3 months.
2. 200 trades? I am very far away from this. I try to do it.
3. Nice point. Should not stick with one position for a long time. It ain't good for jobber.
4. Yeah, I already kept a limit for this.
5. Most important point for me...
6. Now I am here to get some views. Atleast to get some idea about how you guys work.

I am hoping that I can execute this kind of trade. Let see, time will answer it. I can't really believe you guys earned in crores with the capital of 50 grand. I was thinking it would be 5% a day for a biggie.
 

nac

Well-Known Member
#25
Trading was slow, infact slower than yesterday. In the last three days, I do one big mistake toward the end of the trading session. For change, I did 3 or 4 mistakes today. I should say today I was luckier than yesterday despite of my 80% of my profit wiped out in one the mistake I did.

Day end up with little profit.(.4%). I have a doubt regarding charges. What are the charges you are getting charged by your broker when you do intraday in cash market? Because I am charging under a head called SEBI TAX, I have never ever charged under this head. I don't know why I am getting charged and stamp duy is higher than my previous broker. I am suspecting that my broker (current) is charging something (is this called hidden charges???). I have sent a mail regarding this yet to get a reply. Since you guys have vast experience in trading, you would know about these charges. Upto my knowledge these were the charges charged by my broker (previous)

Regulatory Charges - .0035% + Service tax of 10.3% on .0035%
Stamp duty - .002%
STT - .025%

The discrepancy with my new broker is under stamp duty and SEBI TAX
Stamp duty - .00225%
SEBI TAX - Rs. 10/- per crore.

Note: SEBI TAX wasn't charged by my previous broker. Type of trades were all same with both the brokers. All trades were intraday in cash market.
 
#26
each broker have their own headings...all that matters is do same amt of trade and compare in totality...


Trading was slow, infact slower than yesterday. In the last three days, I do one big mistake toward the end of the trading session. For change, I did 3 or 4 mistakes today. I should say today I was luckier than yesterday despite of my 80% of my profit wiped out in one the mistake I did.

Day end up with little profit.(.4%). I have a doubt regarding charges. What are the charges you are getting charged by your broker when you do intraday in cash market? Because I am charging under a head called SEBI TAX, I have never ever charged under this head. I don't know why I am getting charged and stamp duy is higher than my previous broker. I am suspecting that my broker (current) is charging something (is this called hidden charges???). I have sent a mail regarding this yet to get a reply. Since you guys have vast experience in trading, you would know about these charges. Upto my knowledge these were the charges charged by my broker (previous)

Regulatory Charges - .0035% + Service tax of 10.3% on .0035%
Stamp duty - .002%
STT - .025%

The discrepancy with my new broker is under stamp duty and SEBI TAX
Stamp duty - .00225%
SEBI TAX - Rs. 10/- per crore.

Note: SEBI TAX wasn't charged by my previous broker. Type of trades were all same with both the brokers. All trades were intraday in cash market.
 

nac

Well-Known Member
#28
each broker have their own headings...all that matters is do same amt of trade and compare in totality...
I calculated just now. I am finding difference.

I took today's turnover for the calculation. There is difference with the IIFL and RKG.

IIFL charge would be X
RKG charge would be Y

Y is greater than X, i.e. RKG charging higher (statutory levies).
 
#29
u r right...in one of my post i highlighted this that rkg's statutory levies r high...it shouldn't be as it same for all brokers...i enquired reg this to rkg but no response...still, their brok is so low that this small diff is levelled out...rkg is better...

I calculated just now. I am finding difference.

I took today's turnover for the calculation. There is difference with the IIFL and RKG.

IIFL charge would be X
RKG charge would be Y

Y is greater than X, i.e. RKG charging higher (statutory levies).
 

nac

Well-Known Member
#30
u r right...in one of my post i highlighted this that rkg's statutory levies r high...it shouldn't be as it same for all brokers...i enquired reg this to rkg but no response...still, their brok is so low that this small diff is levelled out...rkg is better...
So, they are charging higher. There is no way to find a solution for this from RKG. My calculation says its Rs. 27.475/-/crore is the difference. May be its little when compared to brokerage charged from other brokers. But it ain't seems to be good. It really makes a bad impression about 'em. Days are passing, they ain't care to reply for my mail.
 

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